GNG Electronics gets SEBI nod to raise funds via IPO
The OFS includes 35,000 shares each by promoters Sharad Khandelwal and Vidhi Sharad Khandelwal, and 50.3 lakh shares by Amiable Electronics Private Limited.
China doubles down on promoting yuan as confidence in U.S. dollar takes a beating
From expanding investment channels to building digital infrastructure, Beijing has been laying the groundwork to promote international use of its currency.
Stocks making the biggest moves midday: Uber, Carnival, Advance Auto Parts, Snowflake and more
These are the stocks posting the largest moves midday.
Watch Fed Chair Powell testify live on interest rate policy before House committee
In prepared remarks, Powell said concerns linger over the impact President Donald Trump’s tariffs will have on inflation.
Powell emphasizes Fed’s obligation to prevent ‘ongoing inflation problem’ despite Trump criticism
The cautious tones from Powell could further antagonize President Donald Trump, who has ramped up his long-standing criticism of Powell.
Stocks making the biggest moves premarket: Carnival, Chewy, KB Home, Lockheed Martin and more
These are some of the stocks posting the largest moves in early trading.
Getting Trump’s full tax break on car loans may mean buying a $130,000 vehicle
Middle-income households that buy luxury cars would be able to claim the full financial benefit of a $10,000 tax deduction on car loan interest.
Goldman Sachs and Citadel back crypto firm Digital Asset in $135 million funding round
The company said it will use the funding to advance adoption of the Canton Network, a blockchain for financial institutions.
SoftBank eyeing buyout deals in India to push AI-led IT, BPO operations
SoftBank is considering acquiring Indian IT and BPO firms to integrate AI, moving beyond its traditional investment approach. It aims to enhance these firms with AI, driving efficiency and revenue growth. While a deal with AGS Health didn’t materialize, SoftBank is exploring other opportunities, aligning with its global AI infrastructure initiatives like The Stargate Project […]
Kalpataru to raise Rs 1,590 crore through IPO amidst debt repayment plans and improved financials
Kalpataru, a Mumbai-based real estate developer, is set to launch an IPO to raise ₹1,590 crore for debt repayment, diluting promoter stake to 81.3%. The company’s revenue and margins have improved, with reduced unsold inventory and shorter overhang days. While higher costs previously impacted the bottom line, Kalpataru has started reporting profits in the recent […]
